The Marzetts' financing strategyAfter their first flipping experience, the Marzetts decided to continue down the path of house flipping.
Hard money lenders are a good option for some because they're easier to obtain a loan from than a bank.
One example of how the Marzetts have used a hard money lender is in a house they're currently flipping in Texas.
For the remaining cost of the house (around $220,000), they borrowed from the hard money lender, plus another $75,000 for renovation costs.
That means they can expect to profit between $80,000-$110,000, depending on final renovation costs.
Persons:
Donte Marzett, they've, Donte, They've, Skylar Olsen, Olsen
Locations:
Texas, Backflip